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        Duration Gold

        Duration Gold Limited is a Zimbabwe focused, private, emerging gold producer and explorer. The company 88% owned by Clarity and its employees, currently has a global resource base of 4.2 million oz of gold.

        Formed in 2006, the company partnered with two long standing Zimbabwean mining families, the Muirs and the Thompsons, and now owns 112 gold deposits or mines with historic production of 5.6 million oz. Most of these can be clustered into 5 groups, each of which has the potential to produce over 1 million ounces of gold.

        Recent political and economic reforms in Zimbabwe enabled the company to recommence gold production in late February 2009. Shortly thereafter, Duration was licensed to market and sell its gold on the open market. This it has been doing at international spot prices and receiving freely transferable foreign currency in return. The company is cash flow positive and generates a healthy monthly EBITDA from its current operations.

        Duration's objective is to develop its existing asset base into a 250,000 oz per year producer based on four bankable feasibility studies targeted for completion in the next two years. Acquisition of additional producing and advanced stage assets is also expected to bolster the company's annual production.

        To find out more please join us at the Table.



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